HomeMy WebLinkAbout963492RECORDATION REQUESTED BY:
Cornerstone Bank
Fargo Main Office
2280 45th St S
Fargo, ND 58104
WHEN RECORDED MAIL TO:
Cornerstone Bank
Fargo Main Office
2280 45th St S
Fargo, ND 58104
SEND TAX NOTICES TO:
Fjetland, Inc.
322 Airport Dr Unit 6
Alpine, WY 83128
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated December 20, 2011, is made and executed between Fjetland, Inc., A
Wyoming Corporation, whose address is 322 Airport Dr Unit 6, Alpine, WY 83128 (referred to below as
"Grantor and Cornerstone Bank, whose address is 2280 45th St S, Fargo, ND 58104 (referred to below as
"Lender").
MORTGAGE. Lender and Grantor have entered into a Mortgage dated August 12, 2010 (the "Mortgage which has been recorded in Lincoln
County, State of Wyoming, as follows:
A Mortgage recorded August 27, 2010 as Receiving No. 955166, Book: 752 Page 670, in the Office of the Lincoln County Clerk.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming:
Hangars 14, 15, 16, and 17 of The Executive Hangars Condominiums recorded February 23, 2007 at Document No. 926999, in the office
of the Clerk, Lincoln County, Wyoming.
The Real Property or its address is commonly known as Hangars 14 -17 Executive Hangars Condominiums, Alpine, WY 83128. The Real
Property tax identification number is 37181920300502.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
The word "Note" means the promissory note dated August 12, 2010, in the original principal amount of $189,000.00 from Grantor to
Lender, together with all renewals of extensions of, modifications of, refinancings of, consolidations of, and substitutions for the
promissory note or agreement. The maturity date of this Mortgage is November 12, 2013.
CONTINUING VALIDITY. Except as expressly modified above, the terms of the original Mortgage shall remain unchanged and in full force and
effect and are legally valid, binding, and enforceable in accordance with their respective terms. Consent by Lender to this Modification does not
waive Lender's right to require strict performance of the Mortgage as changed above nor obligate Lender to make any future modifications.
Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Mortgage (the
"Note It is the intention of Lender to retain as liable all parties to the Mortgage and all parties, makers and endorsers to the Note, including
accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers,
shall not be released by virtue of this Modification. If any person who signed the original Mortgage does not sign this Modification, then all
persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non signing
person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any
initial extension or modification, but also to all such subsequent actions.
GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF MORTGAGE AND GRANTOR AGREES TO ITS
TERMS. THIS MODIFICATION OF MORTGAGE IS DATED DECEMBER 20, 2011.
GRANTOR:
By:
FJETLAND, IN
Michael D'Fjetland, President /Se. reas of Fjetland,
Inc.
LENDER:
CORNERSTONE BANK
X
Chad Marsden, Business Banking Manager
00278
RECEIVED 3/5/2012 at 10:26 AM
RECEIVING 963492
BOOK: 782 PAGE: 278
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Loan No: 516569
State of (,Q.1e?
County of Wee jC
This instrument was acknowledged before me on
acknowledged before me on
State of
County of /6C,5 S
P P \AI_ s DUANE JOHNSON
COMMISSION NO.190073
MY COMMISSION EXPIRES
ckin PrA 165
This instrument was acknowledged before me on
ELYSSA HOLMEN
Notary Public
State of North Dakota
My Commission Expires Jan. 5, 2017
MODIFICATION OF MORTGAGE
(Continued) Page 2
CORPORATE ACKNOWLEDGMENT
00279
6" (date) by Michael D Fjetland, President /Secr /Treas of Fjetland, Inc..
LENDER ACKNOWLEDGMENT
My commission expires:
(date) by
1/1a.C5 A e.
My commission expires: 0 p O tl
LASER PRO Lending, Ver. 5.58.20.001 Copr. Harland Financial Solutions, Inc. 1997, 2011. All Rights Reserved. WY /ND
F APPLICATIONS \HARLAND \CFI \LPL \G201.FC TR -9549 PR -14